Three-Family Residential
For Sale
$2,800,000
942 72nd Street, Brooklyn, NY 11228
Three separate apartments served by one gas boiler system, with private driveway parking for up to six vehicles.
Property Size2,744 SF
Lot Size0.18 Acres
Price / SF$1,020
Days on Market103
Property Features for 942 72nd Street
General Information
Standard status
Active
Size
2,744 SF
Total Parking Spaces
8
Lot size
0.18 Acres
Property subtype
Residential Income
Zoning
R4-1
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,200
Amenities
Balcony, Garden
Prewar, WalkUp
Building Details
Building Size
2,744 SF
Year Built
1901
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty Empire
Listed By:
Louis M. Guida · License ##10401294496
(917) 200-3505
Source:
Evrealestate
Added: Jul 16
Changed: Oct 26
Last Checked: Oct 24 at 6:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Empire
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Investment Insights
Based on property information with market context.
This three-family residential building is configured as a first-floor duplex with a semi-finished basement, a second-floor two-bedroom unit, and a top-floor one-bedroom apartment. The first-floor duplex includes four bedrooms, living room, dining room, eat-in kitchen, two bathrooms, a front yard, and a rear porch. The second-floor unit features two bedrooms, kitchen, dining room, bathroom, and a screened-in balcony. The top-floor unit offers one bedroom with a living room and dining room. One gas boiler and hot water heater serve the building.
Set on an approximately 8,000 sq ft lot zoned R4-1, the property includes a private driveway that can accommodate up to six vehicles, along with a detached double-car garage. WalkScore is 85 and transitScore is 73, with bikeScore of 59.
For development consideration, approved conceptual designs are available to construct three new two-family homes, each with a detached garage, for a maximum total buildable area of approximately 7,965 sq ft under current zoning.
Set on an approximately 8,000 sq ft lot zoned R4-1, the property includes a private driveway that can accommodate up to six vehicles, along with a detached double-car garage. WalkScore is 85 and transitScore is 73, with bikeScore of 59.
For development consideration, approved conceptual designs are available to construct three new two-family homes, each with a detached garage, for a maximum total buildable area of approximately 7,965 sq ft under current zoning.
Key Highlights
- Three‑family home built in 1901 on an 8,000 sq ft lot zoned R4‑1
- First‑floor duplex includes semi‑finished basement and approx. 4 bedrooms, 2 bathrooms, and approx. 1,700 sq ft
- Second‑floor 2‑bedroom apartment with approx. 900 sq ft and a screened‑in balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,100
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,922,000
$1.9M
Cap Rate 7%
$1,372,857
$1.4M
Cap Rate 9%
$1,067,778
$1.1M
Market Conditions
NOI Build-Up for 2,744 SF
Gross rent
$139.9K $51.00/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$137.3K $50.03/SF
− OpEx
−$41.2K −$15.01/SF
NOI
$96.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,922,000
Cap Rate 7%
$1,372,857
Cap Rate 9%
$1,067,778
Alternative Uses
Best Use
Multifamily LT 5
$1.37M
$1.20M – $1.60M
NOI $96,100 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,771 @ 7.0% cap · market cap 2.99%
Theoretical Best
Specialty Retail
$2.27M
$1.99M – $2.65M
NOI $159,042 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,439
Businesses Nearby
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Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate apartments served by one gas boiler system, with private driveway parking for up to six vehicles.
Where is this triplex located?
The property is located at 942 72nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Three‑family home built in 1901 on an 8,000 sq ft lot zoned R4‑1; First‑floor duplex includes semi‑finished basement and approx. 4 bedrooms, 2 bathrooms, and approx. 1,700 sq ft; Second‑floor 2‑bedroom apartment with approx. 900 sq ft and a screened‑in balcony
